GDP – Growth-prognosis is helped my LOndon analysists

According to JP Morgan, it had significantly upgraded its forecast for Hungary’s GDP growth on the back of a robust auto sector and the simultaneous fiscal and monetary easing.

London's emerging markets economists of the global financial services group said in a research note released to clients in London that their updated tracking exercise points to a 3rd-quarter GDP growth of 2.7% on a quarter-on-quarter seasonally adjusted annualized rate basis — “considerably stronger than our initial forecast of 1.5%.”